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Dec 22, 2012
12/12
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employers are going to with hold the tax for the 2012 rates. >> president obama is restricting the number of inaugural balls to the lowest number in 60 years. there will be only two official parties right now. there was 10 held the last time around. there will be a concert honoring military families held on saturday before the inauguration. >> before the ina ration christmas. we are three days away. the holiday came a little early for some people. the women's organization has been an outreach to families that have people that are ill or incarcerated. >> thank you for all the people have done. this is overpowering. >> tears of joy as the washington wizards and volunteers delivered bags of gifts to her home. >> my goal is not to just play barble but do things the community. >> his daughter recently passed away after a battle with cancer leaving her the garppedquanian of three grandchildren. >> it won't replace him for me but it's going to ease the pain. it's going to ease it a lot. >> gibbs herself is also fighting cancer and her family is one of many receiving a helping hand from the women
employers are going to with hold the tax for the 2012 rates. >> president obama is restricting the number of inaugural balls to the lowest number in 60 years. there will be only two official parties right now. there was 10 held the last time around. there will be a concert honoring military families held on saturday before the inauguration. >> before the ina ration christmas. we are three days away. the holiday came a little early for some people. the women's organization has been...
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Dec 22, 2012
12/12
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CNNW
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republicans say president obama wants too much revenue. that's taxes in normal speak. and not enough cuts. >> at some point we have to address the spending problem we have. we can't cut our way to prosperity. we need real economic growth. many of us believe on both sides of the aisle the fundamental reform of our tax code will help us get your economy moving faster and put more americans back to work. how we get there god only knows. >> president obama doesn't see it that way. >> at some point there's got to be i think a recognition on the part of my republican friends th that, you know, take the deal. they will be able to claim that they have worked with me over the last two years to reduce the deficit more than any other deficit reduction package. >> the ceo of pimco, one of the world's largest investors in bonds. mark standee is chief investor at moody's. and christine romans, host of "your bottom line." gdp, the broadest measure of the economy grew at an annual rate of 3.1% over the summer. we just got those numbers this week. that's more than double the rate of pr
republicans say president obama wants too much revenue. that's taxes in normal speak. and not enough cuts. >> at some point we have to address the spending problem we have. we can't cut our way to prosperity. we need real economic growth. many of us believe on both sides of the aisle the fundamental reform of our tax code will help us get your economy moving faster and put more americans back to work. how we get there god only knows. >> president obama doesn't see it that way....
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Dec 22, 2012
12/12
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but not before president obama acknowledged that no deal has been made to avoid the fiscal cliff. coming up, the president's message to congress today in hopes of avoiding tax hikes and spending cuts. >>> different solution to gun violence. what this man says it is time to do about guns and his push to make it happen. >> a foot of new snow in the sierra, the storm that caught drivers off guard. >> and our coverage continues, mark tamayo will have the already forecast. forecast-- will have the holiday forecast. Ño [ bells ] >>> the names of each victim killed in the connecticut school shooting at sandy hook elementary school in newton, connecticut were read today. mourners observed a moment of silence to mark one week. many gathered in the rain outside the school to pay respects. >>> the head of the national rifle association layed out a plan to stop the killings. ktvu's eric rasmussen found one man who is leading a different fight to treat gun violence as a public health epidemic. >> reporter: he is one of hundreds of petitions that sprung up since the tragedy at sandy hook eleme
but not before president obama acknowledged that no deal has been made to avoid the fiscal cliff. coming up, the president's message to congress today in hopes of avoiding tax hikes and spending cuts. >>> different solution to gun violence. what this man says it is time to do about guns and his push to make it happen. >> a foot of new snow in the sierra, the storm that caught drivers off guard. >> and our coverage continues, mark tamayo will have the already forecast....
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Dec 22, 2012
12/12
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president obama is challenging congress to get it done. >> in ten days we face a deadline. in ten days under current law, tax rates are scheduled to rise on most americans. and even though democrats and republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us, every single one of us agrees that tax rates shouldn't go up for the other 98% of americans, which includes 97% of small businesses. >> let's check in now with cnn's emily schmitt in washington. the president made this surprise late appearance yesterday. he urged republicans to approve, i guess what you might consider a stripped down deal. this all happened around dinner time. so a lot of folks might not have seen it. give us the details. what is he proposing? >> well, i have to tell you, a few minutes ago, president obama landed in hawaii, 72 degrees there was the temperature on the ground. certainly warmer than it is in washington, certainly warmer than the political climate that president obama left behind here here in washington. it was a strip down agreement. he bas
president obama is challenging congress to get it done. >> in ten days we face a deadline. in ten days under current law, tax rates are scheduled to rise on most americans. and even though democrats and republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us, every single one of us agrees that tax rates shouldn't go up for the other 98% of americans, which includes 97% of small businesses. >> let's check in now with cnn's emily...
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Dec 22, 2012
12/12
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. >> the american people re- elected president obama on election day. they also re-elected a republican majority here in the house. in doing so, they gave us all a mandate. it was not a mandate to raise taxes on families and small businesses. it was a mandate for us to work together to begin solving the massive debt that threatens our country's future. unfortunately, the president and senate democrats vowed to reject and vetoed all of our proposals while failing to offer responsible solutions of their own. >> the chance for any deal may now be up to the democratally controlled senate since the speaker's plan to allow taxes to be raised for millionaires have gone down. >>> the first lady and president will attend the funeral for senator daniel inouye. >>> massachusetts voters faced another race since john kerry is now the official nominee for secretary of state. the state will have to hold a third senate election since 2010, if he is confirmed. steve doocy has more. >> reporter: a week after u.n. ambassador susan rice says not to nominate her for secreta
. >> the american people re- elected president obama on election day. they also re-elected a republican majority here in the house. in doing so, they gave us all a mandate. it was not a mandate to raise taxes on families and small businesses. it was a mandate for us to work together to begin solving the massive debt that threatens our country's future. unfortunately, the president and senate democrats vowed to reject and vetoed all of our proposals while failing to offer responsible...
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Dec 22, 2012
12/12
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it is president obama talking to the senate. he's talking to the senate democratic leader, harry reed, talking to move forward with some sort of smaller package to avert those tax hikes that are set to kick in. and obviously there's going to need to be some buy-in from the senate minority leader, republican mitch mcconnell. so that's where things stand. and president obama is actually hopeful that something could still be pulled off. listen. >> nobody can get 100% of what they want. and this is not simply a contest between parties in terms of who looks good and who doesn't. call me a hopeless optimist. but i actually still think we can get it done. >> reporter: now, of course, if the senate were to pass something and reconvene on december 27th, don, it would also then need to pass the house. but the expectation is that whatever would be worked out in the senate, if it is, would pass the house hopefully not just with republican support, but it would need democratic support, as well. and just to be clear, the thing that president
it is president obama talking to the senate. he's talking to the senate democratic leader, harry reed, talking to move forward with some sort of smaller package to avert those tax hikes that are set to kick in. and obviously there's going to need to be some buy-in from the senate minority leader, republican mitch mcconnell. so that's where things stand. and president obama is actually hopeful that something could still be pulled off. listen. >> nobody can get 100% of what they want. and...
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Dec 22, 2012
12/12
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why pass that when we know harry reid will kill it in the senate or obama will veto it? why go out on a limb and abandon the idea that republicans never allow a tax hike for something that's just going to be an attempt at a strategic thing? the reason they thought it would fail was because it would involve trying to what i meblamf we went over the fiscal cliff, and republicans don't think the media would accept that narrative. you know better than i would how the media would react but that was the feeling on the republicans' part, they couldn't successfully pin obama with going over the cliff. >> i never speak for the media, i speak only for myself, and i don't know. it's going to depend. you have a column in december that said, john boehner, cat herder. i was thinking the cats got the better of the speaker. what do you think that means for his future? does he remain as speaker? does someone else come in and take over because it's an indication he can't control his own group? >> well, it certainly wasn't a vote of confidence. i think, look, john boehner was right, he gav
why pass that when we know harry reid will kill it in the senate or obama will veto it? why go out on a limb and abandon the idea that republicans never allow a tax hike for something that's just going to be an attempt at a strategic thing? the reason they thought it would fail was because it would involve trying to what i meblamf we went over the fiscal cliff, and republicans don't think the media would accept that narrative. you know better than i would how the media would react but that was...
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Dec 22, 2012
12/12
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higher taxes, lawmakers and president obama have left washington for christmas with no deal on tax hikes and spending cuts set to go in effect after the first of the year. brianna keilar is live in hawaii where the president is spending the christmas holiday. brianna, the president maybe a little too optimistic that a deal can be reached? aloha, by the way. >> he did say last night that he is a hopeless optimist that something can get done, but what we know, it's not going to be that big package, obviously of deficit reduction as well as dealing with these tax hikes that are set to kick in. that's not what's going to be happening, instead, he's pressing for something smaller just to a deal with stopping those tax hikes from kicking in for americans making $250,000 per year or less. and also trying to make sure that unemployment benefits are extended. listen to what president obama said last night and also listen to what some of the house republican resistance from speaker boehner to his sort of short-term plan here. >> in the next few days, i've asked leaders of congress to work towards
higher taxes, lawmakers and president obama have left washington for christmas with no deal on tax hikes and spending cuts set to go in effect after the first of the year. brianna keilar is live in hawaii where the president is spending the christmas holiday. brianna, the president maybe a little too optimistic that a deal can be reached? aloha, by the way. >> he did say last night that he is a hopeless optimist that something can get done, but what we know, it's not going to be that big...
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Dec 22, 2012
12/12
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KRON
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>>reporter: after speaking with party leaders friday afternoon, president obama called on congress to quickly come up with a solution to avert some end- of-year tax hikes associated with the fiscal cliff. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both and deficit reduction. >>reporter: the remarks came after house speaker john boehner failed to muster enough of his party's support to bring his "plan b" to the floor. his proposal would have effectively raised taxes only on those americans making more than one million dollars a year. >> we had a number of our members who just really didn't want to be perceived as having raised taxes. >>reporter: the two sides each left the capitol for the christmas holidays, blaming the other for inaction. democrats said thursday's failure in the house pointed to a need for more compromise by the g-o- p. >> house republicans have gotten the message loud and clear th
>>reporter: after speaking with party leaders friday afternoon, president obama called on congress to quickly come up with a solution to avert some end- of-year tax hikes associated with the fiscal cliff. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both and deficit reduction. >>reporter: the...
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Dec 22, 2012
12/12
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president obama officially nominated kerry to be the next secretary of state. he's currently the chairman of the senate foreign relations committee. secretary of state hillary clinton said she wanted to leave the job after president obama's first term. >>> well, a white christmas is in the forecast for some of us. but with it, we may see some unwanted weather. the midwest got its share this week with a blizzard in iowa and more than a foot of snow in wisconsin. the system that caused this is expected to dump inches in western pennsylvania and upstate new york today. as for christmas, the big day, let's check in with meteorologist alexandra steele. she has all the answers on who is going to see a white christmas. good morning, alexandra. >> good morning, everyone. good morning to you. meteorologically, a white christmas means there's an inch of snow on the ground christmas morning. doesn't have to be falling. just has to be there. look at this. who is going to see a white christmas? so many of us. certainly a lot better than last year if you want a white christm
president obama officially nominated kerry to be the next secretary of state. he's currently the chairman of the senate foreign relations committee. secretary of state hillary clinton said she wanted to leave the job after president obama's first term. >>> well, a white christmas is in the forecast for some of us. but with it, we may see some unwanted weather. the midwest got its share this week with a blizzard in iowa and more than a foot of snow in wisconsin. the system that caused...
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Dec 22, 2012
12/12
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taxes will go up on middle class americans. it is hard to imagine a scenario in which president obama would stay here. we haven't gotten the final word on his schedule, however. i think it certain sly fair to assume that he might be cut thing vacation little bit short. >> speaking of schedules, the president had a busy day before he left for vacation yesterday. it began with his response to the online petition calling for action to reduce gun violence. >> as i said earlier this week i cap do it alone. i need your help. if we are going to succeed, it is going to take a sustained effort from mothers, fathers, daughters and sons, law enforcement and responsible gun owners. i think it is fair to say that danny was perhaps my earliest political inspiration. i'm very proud to announce my choice for america's next secretary of state, john kerry. avert thing middle-class tax hike is not a democratic responsibility or a republican responsibility. with their votes the american people have determined that govern sing a shared be responsib
taxes will go up on middle class americans. it is hard to imagine a scenario in which president obama would stay here. we haven't gotten the final word on his schedule, however. i think it certain sly fair to assume that he might be cut thing vacation little bit short. >> speaking of schedules, the president had a busy day before he left for vacation yesterday. it began with his response to the online petition calling for action to reduce gun violence. >> as i said earlier this week...
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Dec 22, 2012
12/12
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middle-class tax hikes and extend unemployment benefits. we may not see any movement until thursday when both sides may be back in washington. >>> a former u.s. marine who was imprisoned in mexico for four months has been reunited with his family. john hammer was released yesterday partly thanks to work from u.s. senator big nelson. hammer was imprisoned on a questionable charge after police found him with an antique shotgun. he said u.s. officials is told him it was okay to cross the border with the gun seen here. mexican officials accused him of violating their law. >>> california's controversial gay therapy ban has been halted. there's an injunction blocking the ban. some say conversion or so-called reparative therapy can turn a gay person straight. therapy techniques include cuddling. the ban would have gone into effect on january 1 and prevented people under the age of 18 from undergoing the treatment. some say the treatment benefited them, others say it ruined their lives. the court has put the ban on hold pending full hearings on the
middle-class tax hikes and extend unemployment benefits. we may not see any movement until thursday when both sides may be back in washington. >>> a former u.s. marine who was imprisoned in mexico for four months has been reunited with his family. john hammer was released yesterday partly thanks to work from u.s. senator big nelson. hammer was imprisoned on a questionable charge after police found him with an antique shotgun. he said u.s. officials is told him it was okay to cross the...
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Dec 22, 2012
12/12
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KRON
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workers will see their taxes go up and their take-home pay will take a hit as early as mid january. joining us over the phone this morning is tax expertdean marycanning from golden gate university. mary, can you explain the impact on tax payers is no deal is reached? >> they may be subject to increases. it just depends on the income levels. >> even more maybe, here is an example. a taxpayer that maybe a couple with two kids they think it will just impact people with a higher level. but if you even have a family that just are a hundred thousand dollars a year. and they had a high tax reform a prior-year there one person was working and now they are not. they have personal expenses for each one of them these will be preferences. they have had this back for their alternative minimum taxes to be calculated. they can pay an additional $5,000 in taxes. >> i again if you are operating on--we're looking at a plan that if there were born to sell stock anyway. you have to look them both with the income would be next year vs whether or not it makes sense from an investment standpoint. it may b
workers will see their taxes go up and their take-home pay will take a hit as early as mid january. joining us over the phone this morning is tax expertdean marycanning from golden gate university. mary, can you explain the impact on tax payers is no deal is reached? >> they may be subject to increases. it just depends on the income levels. >> even more maybe, here is an example. a taxpayer that maybe a couple with two kids they think it will just impact people with a higher level....
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Dec 22, 2012
12/12
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obama is not the only one leaving town before there is an agreement that would head off tax hikes and drastic budget cuts. republicans and democrats, senators and representatives, all headed home for the holidays. house speaker john boehner used the g.o.p. weekly address to say republicans will maintain their focus on reaching a budget deal. >> i've challenged the members of our party to grapple with these issues. to make tough choices. and we're willing to. because washington is -- has a serious spending problem. this was the year, the size of our debt, all $16 trillion of it, surpassed the size of our entire economy. it is a grim milestone. >> this week, both sides continue to blame the other for not compromising. >>> it looks more likely than ever that eastern and gulf ports are going to be shut down by a longshoremen strike. nearly 15,000 dock workers at ports from boston to houston are ready to walk off the job as early as next weekend. their union says negotiations are still possible. but no new talks are scheduled. shippers and retailers are pleading with the union and cargo ca
obama is not the only one leaving town before there is an agreement that would head off tax hikes and drastic budget cuts. republicans and democrats, senators and representatives, all headed home for the holidays. house speaker john boehner used the g.o.p. weekly address to say republicans will maintain their focus on reaching a budget deal. >> i've challenged the members of our party to grapple with these issues. to make tough choices. and we're willing to. because washington is -- has a...